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Market news: Iran has warned Cyprus against allowing attacks from its territory.
2026-07-30
Market news: Iran has warned Cyprus against allowing attacks from its territory.
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2026-07-30
Franklin Templeton strategist Michael Browne said markets have effectively done much of the tightening for the 2026 MPC: elevated UK gilt yields and higher borrowing costs have tightened financial conditions without Bank of England intervention. He s
Franklin Templeton strategist Michael Browne said markets have effectively done much of the tightening for the 2026 MPC: elevated UK gilt yields and higher borrowing costs have tightened financial conditions without Bank of England intervention. He said that is unlikely to change as the Iran conflict lifts Household energy bills, a new government’s fiscal plans remain uncertain and drought boosts food prices, keeping upside inflation risk. Markets are therefore likely to maintain tighter financial conditions. Investors now price at least one Bank of England hike before year-end and another by next spring, especially as expectations of further U.S. tightening build; Browne added the MPC is being pushed by shifting conditions rather than managing a delicate balance.
2026-07-31
Egyptian Prime Minister: The armed forces and intelligence agencies have begun investigating the cause of the Damieta port attack.
Egyptian Prime Minister: The armed forces and intelligence agencies have begun investigating the cause of the Damieta port attack.
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